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, what are they proposing? over the weekend, mitch mcconnell, the senate minority leader, he offered a few nuggets and i would like to get your thoughts. he said increase the medicare eligibility age, ask wealthier americans to pay higher medicare premiums. and possibly paring back the cost of living increases, giving to social security beneficiaries. those are three specific so we have heard so far from the gop side. what are your thoughts on that? >> i think that is a good thought. but mitch mcconnell and speaker boehner need to be more specific. that doesn't add up to more than two or three really dollars worth of cuts. the president proposed many more cuts than not. that is the beginning. this is a negotiation process. i am a lawyer and we settle cases by someone saying this or that and then they move to the middle. that is not what is going on, although mitch mcconnell name three things, that is more than the house republicans have done. again, the republicans are afraid to talk about where the cuts should come. because they're going to have to talk about medicare. megyn: entitl
's based on an idea that mitch mcconnell proposed back in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the mcconnell plan at all. he didn't think democrats did either. and yesterday he wanted to call their bluff. now that is when c-span2 suddenly became amazing television. yesterday afternoon mitch mcconnell asked the senate to move to an immediate vote on the mcconnell plan. vote on it now. he figured majority leader harry reid would back down and prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it's passed. at which point mcconnell, seemingly kind of taken aback, kind of filibustered his own bill. he said, no, if we're not going to have a 60-vote threshold, there would be no vote at all. so in the space of a few minutes, mitch mcconnell moved to vote on the plan, had go
ten years along with the combination of new spending and some spending cuts. mitch mcconnell said he, quote, burst into laughter. still, the white house is making it clear until the republicans counteroffer. >> we didn't say how or how much or who should pay. >> there are a lot of items on the table. the president knows what they are. the question is, what are they willing to do? >> at midnight the clock runs out. taxes will go up on everybody. and republicans will instead be in a position of voting against middle class tax cuts. democrats bring such a bill to the floor. on sunday house minority leader signaled democrats may not wait saying in a statement, quote, if speaker boehner refuses to schedule this widely supported bill for a vote on democrats for a vote, democrats will introduce a discharged petition to automatically bring to the floor the senate passed middle class tax cuts bill, that bill that would pass the 98% automatically raise the rates to the clinton era for the top 2%. ultimately he has to bring out the best deal. this new negotiation strategy. it appears to have ge
. now is the time to start spending on jobs. david cay johnston is here. >>> senator mitch mcconnell's self-fill buster is more than just an embarrassing blunder. senator bernie sanders of vermont explains why. >>> the right to work power grab in michigan has ignited a firestorm with workers. we'll have the latest on governor rick snyder's race to the bottom. >>> and breaking news from the supreme court. there will be a decision on the constitutionality of same-sex marriage. constitutional law professor jonathan turley has all the details. good to have you with us tonight, folks. thanks for watching. john boehner isn't having a lot of fun this holiday season. president obama continues his pressure campaign to pass the middle class tax cuts. the president is also taking time to be festive this holiday season. meantime, john boehner doesn't sound so merry. >> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had no
and take a look at what happened you wrote about mitch mcconnell and his attempt basically calling for a filibuster of his own debt ceiling bill. how does that happen? >> big misstep by the senate republican leader on the floor. republicans have often brought up pieces of legislation that they know democrats won't vote for. the president's budget is an example. the day before mcconnell brought up the president's plan that secretary quiter in brought to republicans and harry would have put it on the floor. he took the debt limit and put that on the floor and harry reid said i'm going to take a look at it and get back to you. few hours he said hey, mitch, let's do it. and we have the votes let's put it on the floor and mitch mcconnell said only if there's a 60 vote thresh hold and republicans lost a lot of leverage there. this -- remember the debt ceiling limit was something republicans thought they could deal on going forward and that they could maybe get some spending cuts and agreement to raise the debt limit. >> they thought they had the upper hand. mitch mcconnell sort of blew h
with mitch mcconnell, essentially fill lee bust sistering his own bill. he says it has to guarantee that there won't be another debt ceiling crisis. but could that be where we're headed? >> well, it's certainly possible. it would be a terrible outcome and i think you're hearing business leaders weigh in and say, we don't want to go through this debate only to be followed by another big fight over the debt limit. and we just can't afford every year, every 18 months to have a debate about whether we honor the full faith and credit of the u.s. government. that's no way to run the country. >> what do you think the chances of that happening? >> it's possible. one of the things that the republicans might get as part of this package is another opportunity to make their case around the debt ceiling. but there ought to be some limit on it and i like the president's proposal that basically requires a two-thirds vote to overcome the president's decision to raise the debt. that still gives members a chance to weigh in, still requires a vote on the debt limit. it doesn't let lawmakers off the ho
, there's another interesting development with the leadership yesterday was that mitch mcconnell tried to make a move to separate out the debt negotiation, the debt ceiling and he thought he had a power play to embarrass the democrats, and the democrats pulled together 51 votes. >> he had to filibuster himself. >> filibuster his own bill. >> wow. >> isn't it a fascinating change, though, mark, back when we were younger, like ten years ago, it used to be the senate that was the chamber where members were more respectful of each other. now watching harry reid run the senate and mitch mcconnell blast back at him, they are acting really -- and you see this all across the senate. more like we used to behave in the house. >> yeah, those emperors aren't wearing much clothes. >> have you seen a moment in time where two politicians have seemed more like the parade has passed by than mitch mcconnell and mary reed. it's time to change. >> i have no idea why harry reid is running the democratic caucus. i mean, maybe he's great behind the scenes, but in front of the camera, he's just -- >> mitch mc
flip-flop from the senate majority. mitch mcconnell forced to filibuster his own proposal. senator mark warner weighs in on that. gh... [ buzz! ] take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use tylenol cold multisymptom nighttime... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... honey? ...on the couch. nyquil d. 50% longer cough and stuffy nose relief. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios tend to weigh less than those who don't. oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike
boehner and/or mitch mcconnell and hammering this thing out. building a relationship, building trust and trying to pull people together he was at a toy factory in pennsylvania. talking about the campaign modes and that's not how you negotiate and resolve these sort of issues. >> we know that barack obama speaks for democrats who speaks for republicans nowf? >> i think john boehner is the closest thing to a republican voice. he holds let's say the key to the lock. he is the most powerful republican in congress. my feeling is boehner wants to work something out. he has got to go home not only to his own constituents but every republicans in america and some in the house who aren't easy to pull along he he imant go to them and given up that tax bracket for the 2% and theying say what did you gte mr. baker? nothing yet. he can't do that with a straight face his own party will crucify him over that. >> over 50% that we fall off? >> i wouldn't have said that two weeks ago today. i think that's probably right and it's unnecessary. >> geraldo: hopefully he will mine sift the speak and he wil
debt ceiling showdown. i want to play a clip of mitch mcconnell talking about that. let's play it now. >> by demanding the power to raise the debt limit when ever he wants by as much as he wants, he showed what he's after is assuming unprecedented power to spend taxpayer dollars without anyone -- i assure you it's not going to happen. >> the back story is republicans have no leverage in the fiscal curve talks. if nothing happens, they don't get anything they are looking for january 1st. but, they see a chance to get leverage here a month later when we hit the debt ceiling. they are talking about if we don't get the concessions right now in these negotiations, we are going to hold it over your head. i'm looking at this. in the way out, the constitutional scholars offered, they say there is -- congress can't default like this. we are going to keep on like nothing happened. the white house explicitly ruled that out. it would unsettle the markets. short of that, the republicans have leverage again, don't they? >> sadly, it seems to me they do. i was happy to hear the president say this sh
, senator mitch mcconnell took to the senate floor yesterday to blast the administration strategy as a campaign maneuver. >> incredibly, many top democrats, including the president, seem perfectly happy, perfectly happy, to go off the cliff. >> but in a new quinnipiac poll out today, the american public gives the democrats the benefit of the doubt by a margin of 18 points, americans trust the president and democrats to avoid the fiscal cliff over republicans. the same poll gave president obama his highest approval rating in three years, with 53% support. in the next hour and a half, president obama will continue the great reasonableness tour of 2012. visiting a middle class family in northern virginia with the aim of putting more pressure on congress to extend middle income tax cuts. majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he force the financial markets to wait for unc
for someone like mitch mcconnell, he can with his own reelections coming up not have the counterweight of jim demint's considerable presence within the chamber. so there are some interesting aspects of this. it may also be good for the party, let's jump ahead a bit and the governor of south carolina, nicky haley, gets to appoint interim senator. might she choose someone who is also full of his tea party credentials, tim scott, a second-term about to be member of congress who is also african-american? you can make history by having the first african-american senator from south carolina. there is no african-american in the senate at present. so that might be a way to benefit the party as well. so there are lots of ways to look at this. certainly jim demint has done something he's quite good at, making headlines. >> kelly you, read my mind. chuck, do think the politics of the appointment, nikki nailly will make an appointment. tim scott, african-american tea party credential. demint made clear in private to folks in south carolina that's who he wants. walk us through politics of an appointment a
. >> mitch mcconnell told us that he laughed out loud when geithner presented the proposal to him. that says it all. stuart: so you think that they will not cave? >> no, i actually think they will cave. stuart: they are? >> the democrats have the upper hand here. we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media cameras in their. stuart: let's get more on this. we have a special guest joining us. he should have been on varney & company many times. >> i hope this is the first of many appearances. great to be with you this morning. i am kind of in a foul mood this morning. i am going to say something. the three of you are going -- if the republicans just gave the presid
agrees to raise rates. senate minority leader mitch mcconnell didn't support speaker boehner's plan. >> i have no particular observation other than i commend the house republican leadership for trying to move the process along, and getting to a point where hopefully we can have a real discussion. >> i want to bring in "time" magazine's assistant editor and "national journal"'s chris freitz. does this come down to john boehner and what he's willing to do? >> i think what we've been seeing for the last few months, the ideological struggle within the republican party. you've seen some moderate voices stepping up saying let's make a compromise but you have a house that's intransigent. i think bainer is in charge at the end of the day but he's got to wait, marshall the forces and have people coming to him and i hope this doesn't become a game of chicken that goes on into february and march when we have to raise the debt ceiling. >> the question is rates, are rates going to go up? let me play what tom coburn said this morning. >> personally i know we have to raise revenue. i don't care which wa
seemed to be a crazy thing that senator mitch mcconnell was trying to do that ended up backfiring on him pretty badly. >> reporter: some theatrics. the debt ceiling, it's set to be hit in january or february. that's complicating the fiscal cliff discussions. mitch mcconnell yesterday proposed a vote on a measure that would give the president the authority to increase the debt ceiling without congressional input. this is something that the white house has proposed as part of their fiscal cliff proposal. it's a nonstarter for republicans. but he wanted to put it on the floor to show that even democrats don't support giving the president that kind of authority. he did that and harry reid turned around and said, let's see if we can do it with a simple majority for 51 votes and democrats it appeared had made sure they had that and then mitch mcconnell in return ended up objecting to the very thing he propose eed. take a listen. >> now the republican leader objects his own idea. i guess we have a filibuster of his own bill. >> so this was some maneuvering that went on. mitch mcconnell won the
offered. but he got the backing of mitch mcconnel. take a listen to what he had to say. >> i think it sis important tha the house leadership is trying to mov move it forward. i had hoped that we would be accomplishing more in the real talks. but i can tell you, there is nothing going on privately that is not going on publicly. even as he has to deal with this rebellion. he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a simple question of arithmetic. you can't get from here to there unless you raise the rates. so as you know in washington, a rebellion in the ranks like this could be a problem. but in the spohort-term, if it remains constrained. it could be a good negotiating term. he could say i have offered everything that i have and still get this thing passed. you know, i never hear the discussion about spending. i'm not saying you. it is about taxes and revenues. they are supposed to have a $1.2 trillion spending cut. they are nowhere near rephr
. the president wants a new authority. mitch mcconnell filibustered his own bill. the senate minority leader filibustered his own bill that he had raised earlier about raising the debt ceiling. he called for a vote. democrats called his bluff and agreed to the vote. then he talked that bill to death. unusual here on capitol hill. lynn? >> all right, tracie potts there for us on capitol hill, thanks. >>> congressman chris van hollen of maryland spoke to ed schultz last night and discussed what democrats are willing to give up if speaker john boehner accepts ending tax breaks for people making more than $250,000 a year. >> what the president has said is we need $1.6 trillion as part of an overall deficit reduction plan, because if you don't get those additional revenues, but you also try and reduce the deficit, you end up whacking everybody else much harder. and so, it's really important to have that revenue number as high as possible. >> sure. >> look, the president's already been clear, ed. on cuts, he will continue to implement over the next ten years over $1 trillion in cuts that he agreed
of congress are not too happy with all of this. mitch mcconnell the minority leader of the senate stood in the well of the senate and said, will president you won the campaign, congratulations, but they don't seem to like this ongoing campaign mentality coming out of the obama administration. >> there is no doubt. and i think republican leaders in congress are not going to like that. i think at this point they don't want to see a continuation of the campaign. they would like to see the president in the white house and negotiators sort of sit down and workout some of the road bumps here to avert the fiscal cliff. and they don't see campaign rallies, or campaign maneuvers as the way to do that. that being said i think the white house has set out its course here. i think you'll see something a lot different in the fiscal cliff negotiations from the white house than you saw in say the government shut down negotiations a year ago. you are going to see a much more campaigning, much more campaign-like president obama in the next month. jon: you know, some sort of even partial -- neutral observ
. treasury secretary geithner when he went up to capitol hill, mitch mcconnell laughed when they got the offer from geithner. house speaker boehner said that the talks are at a stalemate. democrats said they're not going to make another move until republicans say they're going to go for an increase in tax rates. so, this is stalemate right now. now, these things always look horrible when they come together. more and more voices say, this is going to go over the fiscal cliff at least for a few days in january. >> if we go over the fiscal cliff, voters will likely blame the republicans for that. is is that true sf. >> all of the polls show that right now. we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. >>> the president also concentrating on recasting his
hill, on thursday, the senate republican leader mitch mcconnell laughed when he got the offer from tim geithner. they think it's an offer that doesn't show any rules towards compromise. house speaker john boehner said that the talks are at a stalemate. there seems to be a huge divide. democrats said they're not going to make another move until republicans clearly say they're going to go for an increase in tax rates. republicans aren't prepared to make a move. unless the democrats are able to give up greater savings in medicare. so, this is stalemate right now. now, these things always look horrible before they come together. more and more voices say, this is going to go over the fiscal cliff at least for a few days in january. >> and democrats seem to be thinking that, if we go over the fiscal cliff, voters will likely blame the republicans for that. do you think that's true? or are democrats overplaying their hands? >> all of the polls show that right now. no one know was the consequences will really be if we go over that fiscal cliff. we know that the tax hikes go up. some estimates
. mitch mcconnell attempted to bring up the president's plan for a vote in the u.s. senate, a plan $1.6 trillion in tax increases, hundreds of billions of dollars in spending cuts, a limited debt ceiling for the president. democrats blocked the vote and democratic republicans to the only reason is because the plan is unserious. this is washington, back to you. liz: we have a lower third banner that says we can probably solve this in a week according to the president. >> if he said if republicans relent on raising tax rates on $250,000 per year. david: always the question of if you'll take over the power, rich edson is they're following it all for us. coming up, more on what is happening in washington, the chief number cruncher on the heritage foundation here to tell us why they're increasing taxes 25%. liz: pandora shareholders may be singing the blues after the stock plummeted 20% at one point today after beating earnings estimates but admitting it will swing to a loss. ask any internet radio pioneer and ceo joe kennedy why he is whistling a much better tune despite that. next. liz:
leaders and i have to tell you first thing i saw when the senate republican leader mitch mcconnell released a statement today was making the point that demint had, quote, uncompromising service. didn't have to read between the lines too much to see there's a backhanded compliment. >> dana, what about bigger picture here and talking about the republican party aenl just talking about folks like ryan and rubio, let's say, part of maybe the next generation republicans. do you think that demint's brand of republicanism is falling out of favor with sort of the newer version of what the republican party is trying to create? >> i don't think so. i think that demint himself said thefe le i've had -- easier for him to leave because there's more people like him in the senate. you know, him saying that he can do more on the outside might be true, you know, what he's done on the inside as i said isn't just gumming up the works and making a case even because on party for a more strict anti-government platform but, you know, now he's going to go out and sort of focus on the whole more of a policy
. >> brian: minority leadership mitch mcconnel >> no doubt about who the quarterback is on the democratic side it is the president of the united states . unfortunatelyy he keeps throwing interceptions. and we are moving back ward. >> brian: nfl network all politics. mark san ford will start. he did the sports cast with his hands in the back pocket. since then you are the friend. what is constance up to. >> gretchen: wow, and you get to sit in the center of the couch. >> good to see you. >> gretchen: do you feel an ination. >> brian: that's my normal. >> gretchen: either approximate mine or brian. >> kind of warm and can have they. >> you were going to say small. >> brian: as he said. he has a bigger butt than me. you have something serious though to talk about. not only your great career but something happened in late october that people are forkneting about. >> everybody talked about super storm sandy and all of the sudden is obama get elected and then petraeus and then the fiscal cliff and the problem with super storm sandy is an ongoing recovery and will take months and year to fully r
around the debt ceiling. so using it against them. this is a mechanism that mitch mcconnell himself came up with last time to kind of get us out of this. so now, you know, you have had geithner talking about it, the white house talking about it, let's adopt the mcconnell provision. again, the republicans politically are becoming further and further isolated and seeming to be more and more like petulant children. >> david, you can speak but i don't want you to promote your magazine or anything you have written. >> i'll promote the show. >> okay. >> but the republicans, especially the tea party republicans, are going to get trapped in a corner. a lot of them are already saying if we give on the tax cuts, then we want to have a fight on the debt ceiling. we want to do something. and so you asked before, martin, why will they take this even though public opinion seems poised against them, even though the president is organizing the business round table against them. i go back to the old story of the frog and the scorpion. if you don't know it, wikipedia it. it's this their nature. >> now he'
the beginnings of a counteroffer from mitch mcconnell. he offered three things. he said that he's gradual increase in the eligibility age for medicare. some adjustments to social security cola. i believe those are all nonstarters to you and the progressive caucus. >> those would be a problem because raising rates and increasing eligibility age is going to hurt people across income scales. particularly low income seniors and people like that. that wouldn't work for us. >> the president has been open to some of that before. >> here's the deal, the people of the united states believe that medicare is an important program. they don't want to see beneficiaries cut. if we find cuts that don't result in cuts to beneficiaries that's one thing. but we're not going to go after seeing the president win this election, we won the white house, turn right around and undermine the people who helped put us there. >> you know, it is interesting. the older voters did vote republican and medicare was out there. i mean, paul ryan budget was there. and the older voters went for governor romney. >> remember,, h
majority leader mitch mcconnell of kentucky. she is conducting opposition research against herself. apparently she's also considering a 2016 bid against senator rand paul. >>> tweeting about his mission to live on a budget of $30 a week, cory booker starts his food challenge today. he tweeted a receipt of what he spent. broccoli, corn, lots of beans. >>> baby boomers are stressed out. intense pressure on boomers. so take care of yourself with these stress relievers. get exercise. walking can improve your physical and mental well-being. try meditation and quiet relaxation and laugh a lot. it helps to offset anxiety and depression. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the col
was not interested. politico reports actress ashley judd is seriously considering a run for 2014 against mitch mcconnell in his home state of kentucky. mcconnell's office warned he will not go easy on whoever the democratic challenger is but did not reference judd specifically. mitt romney is going back to work at his own job. marriott international has announced romney rejoined the board of directors after resigning two years ago. as for how much romney will earn, s.e.c. showed that directors received a base pay of $60,000 plus $1250 for every meeting they attended. romney has a long-time friendship with the members of marriott family and has served on the board off and on since 1993. >>> all right. time for the "news nation" gut check. bloomberg news is reporting that president obama is considering "vogue" anna wintor to be the next u.s. ambassador to the uk or france. she raised $500,000 for his re-election campaign. she's been at "vogue" for more than 25 years and they say she's very happy about the current job. the white house was asked about the report and declined comment on it. do you believe th
to hold the line. remember what mitch mcconnell did this past summer when he allowed a vote for the middle-class tax cuts to go through only the senate. didn't filibuster it. that passed. there is somewhat of a box the house gop is in in the sense that you could take the senate past middle-class cut bill and just move it forward and that would solve things if you could come up with something for the sequester as well. so you could see in theory maybe come later in december, older senate republicans folks like tom coburn, folks like lindsey graham that say look, they already passed it through the senate, let them pass it through the house, we can win politically on the optics saying we were against raising taxes, it's fine, maybe that's a solution and you will see that divide between the house republicans and senate republicans. >> melinda, when the president went out there, though, and said we're not going to do this again in march, that would seem to be drawing a firm line in the sand. i mean if we have to do this again, if they do some sort of smaller package now and we have to revisit t
orrin hatch, cluck grassley, mitch mcconnell and thad cochran but they voted it down. the floor manager john kerry called it one of the saddest days in his nearly 28 days in the senate which he says is broken and dysfunctional. the chairman of the foreign relations committee john kerry joins me now. thank you very much. you spoke of this passionately yesterday and you've had an overnight to think about this, but the moment was clearly so compelling watching bob dole on the floor, wheeled in by his wife, the former senator elizabeth dole and you and john mccain and other war veterans calling for passage of this, it tell me your thoughts today? >> my first thought, andrea, hate to say this i can't believe you're already talking about 2016. i'm sorry to change -- >> i'm sorry about that too. >> that threw me at the outset here. >> my apologies. >> that said, let me say to you, yesterday was exactly as i described it, just a very, very sad day for the senate. because fear triumphed and politics triumphed, not the legitimate concerns of americans with disabilities who want to travel abroad.
. in his reaction mitch mcconnell said that demint helped galvanize the american people against a big government agenda. that's at least what senator mcconnell sees there. >> yeah, right. the fact is his record was not good, and look. what i'm concerned about actually is that does this mean that the heritage foundation becomes marginiz izizaled from main street movement? heritage is the source of a lot of conservative ideas, not all of which are crazy. it's interesting to see if it remains in the conservative mainly stream or if it goes off into a fringe. >> thank you, gentlemen. greatly appreciate it. let me bring in democratic congre congresswoman from ohio. she ranks third on the house budget committee. thank you for joining us. we hope we got you at the top of the hour. >> thank you, tamron. >> what are your thoughts on the notion there's a dpeel in sight. it's a question of whether you have the bush tax cuts separate and deal with the other issues of entitlement and the fiscal issues the president wants to address as far as the debt ceiling later? >> i'm very optimistic, tamron.
, normally, very politically short footed mitch mcconnell stumbled on this because the ground changed here. i believe debt ceiling will be part of the agreement and i'll frankly our republican colleagues have learned that to say the government will not pay its debts and hold it up for something else is bad substance, and bad politics. i don't think they'll prevail on that. if they want to say, we won't raise the debt ceiling unless you cut medicare, make our day. >> chris: meaning, go ahead and default the country? >> no, make or day, meaning, that position is untenable politically and it will not last. you will not be able to hold it. >> chris: a little time left and i want to go to a couple of other subjects. senator schumer on the first day of the next congress in january, will democrats change the rules on filibusters by a simple majority, rather than the 2/3 majority you generally need, to change rules in the senate? >> okay. everyone knows the senate is broken and needs fixing. i think bob corker would say that, we have had discussions. we're friends. most democrats -- almost all democr
. >> the reaction from republicans? this from a spokesperson for senate minority leader mitch mcconnell saying the president wants the ability to raise the debt ceiling whenever he wants for as much as he wants with no responsibility or spending cuts attached. this is an idea opposed by democrats and republicans alike. it is a power grab that has no support here. so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement spending if we want to prevent a battle between old and young americans. diana further got roth, senior fellow at man hat taken institute and joins us now. diana, seems to me raising the retirement age is the simplest thing you could do yet we'r
or the proposal that he handed to senate minority leader mitch mcconnell and he let out an audible chuckle at the proposal. i'm curious if timothy geithner has the same sense of humor. >> actually we have not only timothy geithner, but john boehner in an exclusive interview at the top of the hour, these are the two point men. boehner representing house republicans and any bill is going to have to get through them and geithner representing the president. you're exactly right. when geithner presented his plan to mcconnell, mcconnell says he burst out laughing and boehner you'll hear at the top of the hour, one of the words he uses is flabbergasted. what they were shocked at not that the president was going to call for more tax increases, he campaigned on that, but he came in with such a small set of spending cuts, about 600 billion dollars total in entitlement cuts and spending cuts and also had a demand that congress would give up any say from now on forever in raising the debt limit, which of course has always been a tool of congress, both democrats and republicans have used to oppose the
on the floor. minority leader mitch mcconnell is aghast at such a ploy claiming he's breaking the rules to change the rules. of course in 2005 when mcconnell was considering the same thing over president bush's judicial nominees, it was minority leader reid's turn to be aghast. therein lies the real issue. the party in power wants the ability to exercise power. but the american people want action. at the table steven spalding, staff counsel for common cause, a group suing the nat to have the filibuster declared unconstitutional. tara wall, dorian warren and lawyer and nbc latino contributor, raul reyes. >> all right, steven, how could it be unconstitutional? >> the constitution does say each chamber can set its own rules. we think the senate should be able to do that with a majority belief. contemporary to popular belief, the 11th amendment was thou shalt need 60 votes to pass a bill. if you go back to the founding, the founders in the federalist papers said they considered a super majority requirement and rejected it. they said to have a super majority requirement could be used by a co
at by mitch mcconnell. then the republicans came back, which speaker boehner said was a sound response. $800 billion in tax rev knew. with eric cantor and paul ryan's significant but positive -- >> congress can prevent all of this by passing a tax hike on the first $250,000 of income. 98% wouldn't see taxes go up by a single dime. the wealthiest americans would get a tax cut on the first $250,000 of their income and families everywhere would enjoy peace of mind. >> most polls show 60, 60% of americans agree, raise taxes on the wealthiest 2%. he won the election. >> he talked about that during the campaign however congressman randy forms of virginia, a republican, he's floating a theory which is that the president doesn't have to compromise. he might not even want to compromise because if there's no compromise, the president gets what he wants. >> the president doesn't really want to get an agreement or compromise. he wants to get his way. that's why he won't come to the table with any serious proposal and simply talk. if we do that, we can get a solution everybody could live with. we're will
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